fibrus networks ltd

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fibrus networks ltd Company Information

Share FIBRUS NETWORKS LTD

Company Number

NI612703

Shareholders

acorn holdco ii limited

Group Structure

View All

Industry

Other telecommunications activities

 

Registered Address

108-113 dargan crescent, belfast, northern ireland, BT3 9JP

fibrus networks ltd Estimated Valuation

£14.5m

Pomanda estimates the enterprise value of FIBRUS NETWORKS LTD at £14.5m based on a Turnover of £15m and 0.96x industry multiple (adjusted for size and gross margin).

fibrus networks ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of FIBRUS NETWORKS LTD at £0 based on an EBITDA of £-2.3m and a 4.06x industry multiple (adjusted for size and gross margin).

fibrus networks ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of FIBRUS NETWORKS LTD at £0 based on Net Assets of £-44m and 2.41x industry multiple (adjusted for liquidity).

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Fibrus Networks Ltd Overview

Fibrus Networks Ltd is a live company located in northern ireland, BT3 9JP with a Companies House number of NI612703. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in May 2012, it's largest shareholder is acorn holdco ii limited with a 100% stake. Fibrus Networks Ltd is a established, mid sized company, Pomanda has estimated its turnover at £15m with rapid growth in recent years.

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Fibrus Networks Ltd Health Check

Pomanda's financial health check has awarded Fibrus Networks Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £15m, make it in line with the average company (£12.9m)

£15m - Fibrus Networks Ltd

£12.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 207%, show it is growing at a faster rate (4.6%)

207% - Fibrus Networks Ltd

4.6% - Industry AVG

production

Production

with a gross margin of 30.7%, this company has a higher cost of product (39%)

30.7% - Fibrus Networks Ltd

39% - Industry AVG

profitability

Profitability

an operating margin of -167.7% make it less profitable than the average company (4.5%)

-167.7% - Fibrus Networks Ltd

4.5% - Industry AVG

employees

Employees

with 435 employees, this is above the industry average (54)

435 - Fibrus Networks Ltd

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.2k, the company has a lower pay structure (£62.6k)

£48.2k - Fibrus Networks Ltd

£62.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £34.6k, this is less efficient (£227.7k)

£34.6k - Fibrus Networks Ltd

£227.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 45 days, this is near the average (40 days)

45 days - Fibrus Networks Ltd

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 210 days, this is slower than average (43 days)

210 days - Fibrus Networks Ltd

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 366 days, this is more than average (12 days)

366 days - Fibrus Networks Ltd

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (9 weeks)

8 weeks - Fibrus Networks Ltd

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 112.1%, this is a higher level of debt than the average (63.7%)

112.1% - Fibrus Networks Ltd

63.7% - Industry AVG

FIBRUS NETWORKS LTD financials

EXPORTms excel logo

Fibrus Networks Ltd's latest turnover from March 2024 is £15 million and the company has net assets of -£44 million. According to their latest financial statements, Fibrus Networks Ltd has 435 employees and maintains cash reserves of £9.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Apr 2016Apr 2015Apr 2014Apr 2013
Turnover15,046,1626,769,6051,915,302522,3201,626,5083,003,478541,600102,218639,830665,566105,02557,570
Other Income Or Grants
Cost Of Sales10,432,8645,120,3472,035,477444,617975,0251,815,367332,32461,595383,691404,60365,97235,304
Gross Profit4,613,2981,649,258-120,17577,703651,4831,188,111209,27640,622256,139260,96339,05322,266
Admin Expenses29,850,89114,236,46015,636,7792,022,687792,914743,745348,21413,872257,538261,96442,34318,780
Operating Profit-25,237,593-12,587,202-15,756,954-1,944,984-141,431444,366-138,93826,750-1,399-1,001-3,2903,486
Interest Payable15,628,1867,561,73730,0869,254
Interest Receivable412257517666174
Pre-Tax Profit-40,865,779-20,148,939-15,787,040-1,944,984-150,644444,591-138,86326,768-1,333-940-3,2833,491
Tax126,743-84,472-5,353-803
Profit After Tax-40,739,036-20,148,939-15,787,040-1,944,984-150,644360,119-138,86321,414-1,333-940-3,2832,688
Dividends Paid
Retained Profit-40,739,036-20,148,939-15,787,040-1,944,984-150,644360,119-138,86321,414-1,333-940-3,2832,688
Employee Costs20,966,37616,140,41110,351,9933,304,370437,490548,142162,40852,546204,125153,18951,57947,627
Number Of Employees435304207110810314311
EBITDA*-2,287,583-1,494,317-11,667,389-1,762,330-28,446483,384-120,56927,184-625-304-2,7443,690

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Apr 2016Apr 2015Apr 2014Apr 2013
Tangible Assets311,095,612244,899,954123,817,62635,391,2491,102,829633,173128,32533,2728731,3381,434613
Intangible Assets8,812,2648,548,4358,792,9078,839,378
Investments & Other200200100
Debtors (Due After 1 year)120,000
Total Fixed Assets319,908,076253,448,589132,610,63344,350,6271,102,829633,173128,32533,2728731,3381,434613
Stock & work in progress10,488,99214,216,9378,092,1994,221,11428,83328,8534,9759,9509,950
Trade Debtors1,886,272518,786276,593167,437174,077400,02415,76816,69587,00797,73910,4066,710
Group Debtors11,049,4709,006,3902,337,8741,727,39182,059
Misc Debtors11,070,12413,264,99613,879,9914,348,31965,293
Cash9,476,24314,934,5911,753,21616,245,41940,78740,50919,55010,4723,26723,2341,1641,794
misc current assets
total current assets43,971,10151,941,70026,339,87326,709,680391,049469,38635,31827,16790,274125,94821,52018,454
total assets363,879,177305,390,289158,950,50671,060,3071,493,8781,102,559163,64360,43991,147127,28622,95419,067
Bank overdraft303,413
Bank loan
Trade Creditors 6,024,97912,740,31012,636,3394,778,527434,816842,657263,8605,87693,915128,82023,5483,105
Group/Directors Accounts23,550,33227,709,91763,878,04651,748,360631,871
other short term finances
hp & lease commitments
other current liabilities27,065,60827,295,01923,587,01616,369,11114,52013,273
total current liabilities56,640,91967,745,246100,101,40172,895,9981,384,620842,657263,8605,87693,915128,82023,54816,378
loans224,102,156152,195,42316,192,110
hp & lease commitments
Accruals and Deferred Income127,127,85788,702,33942,661,327
other liabilities35,917
provisions
total long term liabilities351,230,013240,897,76258,853,43735,917
total liabilities407,870,932308,643,008158,954,83872,895,9981,384,620842,657263,86041,79393,915128,82023,54816,378
net assets-43,991,755-3,252,719-4,332-1,835,726109,258259,902-100,21718,646-2,768-1,534-5942,689
total shareholders funds-43,991,755-3,252,719-4,332-1,835,726109,258259,902-100,21718,646-2,768-1,534-5942,689
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Apr 2016Apr 2015Apr 2014Apr 2013
Operating Activities
Operating Profit-25,237,593-12,587,202-15,756,954-1,944,984-141,431444,366-138,93826,750-1,399-1,001-3,2903,486
Depreciation22,217,48210,507,6563,533,139182,654112,98539,01818,369434774697546204
Amortisation732,528585,229556,426
Tax126,743-84,472-5,353-803
Stock-3,727,9456,124,7383,871,0854,192,281-2028,853-4,975-4,9759,950
Debtors1,215,6946,295,71410,131,3116,041,718-78,595384,256-927-70,312-10,73287,3333,6966,710
Creditors-6,715,331103,9717,857,8124,343,711-407,841578,797257,984-88,039-34,905105,27220,4433,105
Accruals and Deferred Income38,196,10749,749,01549,879,23216,354,59114,520-13,27313,273
Deferred Taxes & Provisions
Cash flow from operations31,832,18735,938,21732,067,2598,701,973-343,152564,600138,3424,104-19,82322,6107302,605
Investing Activities
capital expenditure-89,409,497-131,930,741-92,469,471-582,641-543,866-113,422-32,833-309-601-1,367-817
Change in Investments100100
cash flow from investments-89,409,497-131,930,841-92,469,571-582,641-543,866-113,422-32,833-309-601-1,367-817
Financing Activities
Bank loans
Group/Directors Accounts-4,159,585-36,168,12912,129,68651,116,489631,871
Other Short Term Loans
Long term loans71,906,733136,003,31316,192,110
Hire Purchase and Lease Commitments
other long term liabilities-35,91735,917
share issue16,900,55217,618,43420,000991
interest-15,628,186-7,561,737-30,086-9,2132257517666174
cash flow from financing52,118,962109,173,99945,910,14451,116,489622,658225-15,84235,9341656175
cash and cash equivalents
cash-5,458,34813,181,375-14,492,20316,204,63227820,9599,0787,205-19,96722,070-6301,794
overdraft-303,413303,413
change in cash-5,458,34813,181,375-14,492,20316,508,045-303,13520,9599,0787,205-19,96722,070-6301,794

fibrus networks ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fibrus Networks Ltd Competitor Analysis

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Perform a competitor analysis for fibrus networks ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in BT3 area or any other competitors across 12 key performance metrics.

fibrus networks ltd Ownership

FIBRUS NETWORKS LTD group structure

Fibrus Networks Ltd has 2 subsidiary companies.

FIBRUS NETWORKS LTD Shareholders

acorn holdco ii limited 100%

fibrus networks ltd directors

Fibrus Networks Ltd currently has 6 directors. The longest serving directors include Mr Dominic Kearns (May 2012) and Mr Andrew Matthews (May 2020).

officercountryagestartendrole
Mr Dominic KearnsNorthern Ireland40 years May 2012- Director
Mr Andrew MatthewsUnited Kingdom62 years May 2020- Director
Mr Thomas CrawleyEngland38 years May 2020- Director
Mr Conal HenryNorthern Ireland55 years Jun 2020- Director
Mr Lee CrossinghamNorthern Ireland37 years Feb 2022- Director
Mr Savvas KaratapanisUnited Kingdom32 years Sep 2022- Director

P&L

March 2024

turnover

15m

+122%

operating profit

-25.2m

+101%

gross margin

30.7%

+25.85%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

-44m

+12.52%

total assets

363.9m

+0.19%

cash

9.5m

-0.37%

net assets

Total assets minus all liabilities

fibrus networks ltd company details

company number

NI612703

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

May 2012

age

13

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

b4b networks ltd (March 2020)

ibub networks ltd. (September 2017)

accountant

-

auditor

GRANT THORNTON (NI) LLP

address

108-113 dargan crescent, belfast, northern ireland, BT3 9JP

Bank

DANSKE BANK

Legal Advisor

TUGHANS

fibrus networks ltd Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 4 charges/mortgages relating to fibrus networks ltd. Currently there are 3 open charges and 1 have been satisfied in the past.

fibrus networks ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for FIBRUS NETWORKS LTD. This can take several minutes, an email will notify you when this has completed.

fibrus networks ltd Companies House Filings - See Documents

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